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The Economic Lot Scheduling Problem without Capacity Constraints

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  • Ming-Jong Yao

Abstract

This study presents a comprehensive analysis on the Economic Lot Scheduling Problem (ELSP) without capacity constraints. We explore the optimality structure of the ELSP without capacity constraints and discover that the curve for the optimal objective values is piecewise convex with repsect to B, i.e., the values of basic period. The theoretical properties of the junction points on the piecewise convex curve not only provides us the information on “which product i” to modify, but also on “where on the B-axis” to change the set of optimal multpliers in the search process. By making use of the junction points, we propose an effective search algorithm to secure a global optimal solution for the ELSP without capacity constraints. Also, we use random experiments to verify that the proposed algorithm is efficient. The results in this paper lay important foundation for deriving an efficient heuristic to solve the conventional ELSP with capacity constraints. Copyright Springer Science + Business Media, Inc. 2005

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  • Ming-Jong Yao, 2005. "The Economic Lot Scheduling Problem without Capacity Constraints," Annals of Operations Research, Springer, vol. 133(1), pages 193-205, January.
    • Handle: RePEc:spr:annopr:v:133:y:2005:i:1:p:193-205:10.1007/s10479-004-5033-y
    DOI: 10.1007/s10479-004-5033-y
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    References listed on IDEAS

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    1. Salah E. Elmaghraby, 1978. "The Economic Lot Scheduling Problem (ELSP): Review and Extensions," Management Science, INFORMS, vol. 24(6), pages 587-598, February.
    2. Narro Lopez, Miguel A. & Kingsman, Brian G., 1991. "The economic lot scheduling problem: theory and practice," International Journal of Production Economics, Elsevier, vol. 23(1-3), pages 147-164, October.
    3. Earl E. Bomberger, 1966. "A Dynamic Programming Approach to a Lot Size Scheduling Problem," Management Science, INFORMS, vol. 12(11), pages 778-784, July.
    4. P. C. Geng & R. G. Vickson, 1988. "Two heuristics for the economic lot scheduling problem: An experimental study," Naval Research Logistics (NRL), John Wiley & Sons, vol. 35(4), pages 605-617, August.
    5. Samuel G. Davis, 1990. "Scheduling Economic Lot Size Production Runs," Management Science, INFORMS, vol. 36(8), pages 985-998, August.
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    Cited by:

    1. Holmbom, Martin & Segerstedt, Anders, 2014. "Economic Order Quantities in production: From Harris to Economic Lot Scheduling Problems," International Journal of Production Economics, Elsevier, vol. 155(C), pages 82-90.

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